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2156 Stratford Circle

Mary And Herbert Boeckmann Purchase 2156 Stratford Circle From Neil And Margot Shekhter For $15M
SOLDSingle Family

Mary And Herbert Boeckmann Purchase 2156 Stratford Circle From Neil And Margot Shekhter For $15M

2156 Stratford Circle

$15,000,000

$962/SF

Building Size

15,578 SF

Asset Type

Single Family

Closing

Sep 5, 2024

AI

A single-family estate located at 2156 Stratford Circle in Los Angeles has been sold. The property encompasses 0.78 acres and boasts a total area of 15,578 square feet. The sale was finalized for $15,000,000, with a price per square foot of $963.

Summary of transaction details:

The transaction involved prominent real estate representatives, including Brett Kester of Sotheby’s International Realty representing the buyers, and Joshua and Matthew Altman of Douglas Elliman representing the sellers. The estate was initially listed for nearly $27 million, and this sale follows Neil and Margot Shekhter's prior legal issues concerning plumbing matters and Neil Shekhter's declining apartment portfolio.

Players

Matthew Altman

Douglas Elliman

Broker

$512.6M

vol

34 deals

Broker

Los Angeles Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93